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Trump to meet Fed chair Yellen to discuss job: report

Updated

By Agence France-Presse

Donald Trump is set to meet US Federal Reserve chair Janet Yellen this week to discuss a potential renomination to head the central bank, The Wall Street Journal reported Monday.

Yellen’s term as chief of the powerful banking institution is due to expire in February.

Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee February 14, 2017 in Washington, DC. (Win McNamee/Getty Images/AFP / MANILA BULLETIN)

Federal Reserve Board Chairwoman Janet Yellen
(Win McNamee/Getty Images/AFP / MANILA BULLETIN)

Trump has already met with several candidates who could replace the 71-year-old Yellen, including financier Kevin Warsh, Fed governor Jerome Powell and Stanford University economist John Taylor.

As a Republican presidential candidate, Trump accused Yellen — who was nominated by Democrat Barack Obama in 2014 — of maintaining low interest rates to support Democrats.

But upon taking over the White House, Trump praised Yellen for keeping the interest rate low.

Yellen, who hold weekly meetings with Treasury Secretary Steve Mnuchin, has met Trump just once since his election, in February.

She also met in July with Trump’s eldest daughter and senior adviser Ivanka.

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